North Lynnwood, Washington Housing Market Prices
North Lynnwood Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 7% below the Washington median$450,009
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Median rent 21% above the Washington median$2,133
Housing Market Overview
| Metric | North Lynnwood | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,009 | $485,016 | $248,835 |
| Price Trend (Annual %) | 9.2% | 10.9% | 7.5% |
| Median Gross Rent | $2,133 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in North Lynnwood is about 7% lower than in Washington. Rent is about 21% higher than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in North Lynnwood, up about 9.2% and 6.2% a year respectively. Home prices are changing faster.
Median rent in North Lynnwood rose about 71.4% between 2015 and 2024, from $1,244 to $2,133. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in North Lynnwood.
Buying the median-priced home in North Lynnwood costs roughly 17.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in North Lynnwood. The price-to-rent ratio in Washington is about 23.0.
| Metric | North Lynnwood | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,009 | $485,016 | $248,835 |
| Median Household Income | $101,654 | $98,224 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in North Lynnwood rose about 198.1%, while median household income rose about 59.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | North Lynnwood | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.1% | 59.1% | 58.5% |
| Rental Rate | 50.9% | 33.6% | 31.2% |
| Vacancy Rate | 6.9% | 7.3% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
North Lynnwood has a homeownership rate of 42.1%, lower than the Washington average of 59.1%. Its housing vacancy rate is 6.9%, compared with 7.3% in Washington.
Housing Stock
| Metric | North Lynnwood | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2000 | 1983 | 1978 |
| Median Number of Rooms | 4.4 | 5.5 | 5.5 |
The typical housing unit in North Lynnwood was built around 2000. On average, 2.4 people live in a home with about 4.4 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in North Lynnwood, Washington.
What is the median home price in North Lynnwood, Washington?
The median home price in North Lynnwood, Washington is $450,009, lower than the Washington average of $485,016.
What is the average home price in North Lynnwood, Washington?
The typical home price in North Lynnwood, Washington, reported as the median sale price, is $450,009. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in North Lynnwood, Washington?
The median gross rent in North Lynnwood, Washington is $2,133 per month, higher than the Washington average of $1,759.
What was the median gross rent in North Lynnwood in 2020?
In 2020, the median gross rent in North Lynnwood, Washington was $1,713 per month.
What is the price-to-rent ratio in North Lynnwood, Washington?
The price-to-rent ratio in North Lynnwood, Washington is about 17.6, meaning it would take roughly 17.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in North Lynnwood.
Are home prices or rent rising faster in North Lynnwood, Washington?
Both home prices and rent are rising in North Lynnwood, up about 9.2% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in North Lynnwood, Washington?
42.1% of households in North Lynnwood, Washington own their home, lower than the Washington average of 59.1%.
What is the vacancy rate in North Lynnwood, Washington?
The housing vacancy rate in North Lynnwood, Washington is 6.9%, lower than the Washington average of 7.3%.
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